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Associated Press - July 2, 2009 6:04 PM ET
WASHINGTON (AP) - Two Illinois banks were shuttered today.
Regulators shut down John Warner Bank of Clinton, Ill., and First State Bank of Winchester in Winchester, Ill. The two closings bring to eight the number of Illinois banks closed this year and 47 nationally.
The Federal Deposit Insurance Corp. was appointed receiver of both John Warner Bank and First State Bank.
Deposits of John Warner Bank were acquired by Lincoln, Ill.-based State Bank of Lincoln. The deposits of State Bank of Winchester were acquired by The First National Bank of Beardstown, Ill.
As of April 30, The John Warner Bank had total assets of $70 million and total deposits of about $64 million and The First State Bank of Winchester had total assets of $36 million and total deposits of approximately $34 million.
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